DNA REALTY GROUP | Arlington Real Estate, Newton Real Estate, North Reading Real Estate


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Financial life planning is not an easy process, as there are many aspects of one's financial picture that need to be considered. It is important to keep a close eye on the day-to-day details that formulate the base of your financial security, but it is critical to plan long-term as well. Impulse buying can be a dangerous habit and many families find that some analysis and self-control provide some key insight into their spending and their ability to save for the future.


Pay attention to the details and set your priorities


Every family has their priorities when it comes to spending. Some value experiences over material things, notes the Muse, and these preferences can have a big impact on one's overall financial picture. For example, some people want to make sure that they can have a certain type of car or house, while others prioritize vacations or entertainment experiences. Whichever direction you are drawn, examine your daily spending to build a plan to attain your long-term financial goals.


You need to make sure that you pay close attention to the small details of your finances, including things such as knowing how much cash you have on hand, keeping track of all of your checks, and balancing your checkbook regularly. It is difficult to succeed in financial planning if you aren't paying close attention to what's happening with your money day in and day out. Sometimes people get carried away with impulse or unplanned purchases and these can greatly undermine your efforts in regards to financial life planning and budgeting.


Make paying off debt and saving for emergencies top priorities


It is easy to let debt escalate, especially if you are regularly using credit cards and not paying them off right away. The Balance suggests putting together a realistic budget and then make it a priority to pay off your debt. Paying more than the minimum, on at least one card at a time until it is paid off, can make a big difference. In addition, it may work best to start with the card with the highest interest rate and work on paying others off from there.


As important as it is for your long-term financial stability to pay off debt, Bloomberg also details that it's critical to plan for financial emergencies. As you budget and factor in regular expenses, debt payoff, and investing for retirement or a child's college education, you should also allow for some savings to ensure that a when an unexpected repair, income change, or medical bill arises, you can cover it.


Closely watch your credit report and address any errors


Another piece of financial planning that is important to keep an eye on is the state of your credit report. USA Today notes that errors can easily pop up on your credit report. Unfortunately, even if you are meticulous about paying your bills on time, others can make mistakes that impact your credit score and it is up to you to catch these issues and address them.


Checking your credit report regularly can also help alert you to any fraud or identity theft issues. You can get a free copy of your credit report every year via Annual Credit Report and this can be done with each of the three reporting bureaus, Experian, Equifax, and TransUnion.


Utilizing self control and prioritizing long-term financial needs over short-term wants is not always easy. As you put together a budget and work on your family's future stability, you will want to examine your day-to-day expenses and spending and make it a priority to pay down debt and stick away some savings for emergencies. Keep an eye on your credit report and other areas with the potential for fraud so that all of your financial life planning hard work pays off for your family's future.


[Image via Pixabay]



3 Mostika Rd, Woburn, MA 01801

North Woburn

Single-Family

$525,000
Price

11
Rooms
7
Beds
2/1
Full/Half Baths
WOW this place is magnificent! A dream house for entertainment, laid out over 3 floors of living space. It all starts with the convenient location right off I93 and I95 close to trains and buses. As you drive down the dead-end street you will notice your driveway fits 4 cars. As you walk into the 1st floor you will see a huge living room and dining room that includes office space. The kitchen has been updated and leads right into the dining room through the sliding doors. The doors lead outside to an over-sized wrap around deck overlooking a beautiful back yard with an in-ground pool perfect for entertaining. As you go to the 2nd floor you will have two bedrooms. One with a master bath, the other with a walk-in closet and balcony where you can enjoy the breeze overlooking the pool. The 3rd floor has the rest of good sized bedrooms. This is the house you have been waiting for if you are looking for a lot of space at great value and a great location!
Open House
Sunday
July 23 at 11:30 AM to 1:00 PM
WOW this place is magnificent! A dream house for entertainment, laid out over 3 floors of living space. It all starts with the convenient location right off I93 and I95 close to trains and buses. As you drive down the dead-end street you will notice your driveway fits 4 cars. As you walk into the 1st floor you will see a huge living room and dining room that includes office space. The kitchen has been updated and leads right into the dining room through the sliding doors!
Cannot make the Open Houses?
Location: 3 Mostika Rd, Woburn, MA 01801    Get Directions

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3 Mostika Rd, Woburn, MA 01801

North Woburn

Single-Family

$525,000
Price

11
Rooms
7
Beds
2/1
Full/Half Baths
WOW this place is magnificent! A dream house for entertainment, laid out over 3 floors of living space. It all starts with the convenient location right off I93 and I95 close to trains and buses. As you drive down the dead-end street you will notice your driveway fits 4 cars. As you walk into the 1st floor you will see a huge living room and dining room that includes office space. The kitchen has been updated and leads right into the dining room through the sliding doors. The doors lead outside to an over-sized wrap around deck overlooking a beautiful back yard with an in-ground pool perfect for entertaining. As you go to the 2nd floor you will have two bedrooms. One with a master bath, the other with a walk-in closet and balcony where you can enjoy the breeze overlooking the pool. The 3rd floor has the rest of good sized bedrooms. This is the house you have been waiting for if you are looking for a lot of space at great value and a great location!
Open House
No scheduled Open Houses

Similar Properties



Financial Life Planning Tips: Prioritize And Analyze Your Current Spending And Future Needs

credit-card-1080074_1920.jpg

Financial life planning is not an easy process, as there are many aspects of one's financial picture that need to be considered. It is important to keep a close eye on the day-to-day details that formulate the base of your financial security, but it is critical to plan long-term as well. Impulse buying can be a dangerous habit and many families find that some analysis and self-control provide some key insight into their spending and their ability to save for the future.


Pay attention to the details and set your priorities


Every family has their priorities when it comes to spending. Some value experiences over material things, notes the Muse, and these preferences can have a big impact on one's overall financial picture. For example, some people want to make sure that they can have a certain type of car or house, while others prioritize vacations or entertainment experiences. Whichever direction you are drawn, examine your daily spending to build a plan to attain your long-term financial goals.


You need to make sure that you pay close attention to the small details of your finances, including things such as knowing how much cash you have on hand, keeping track of all of your checks, and balancing your checkbook regularly. It is difficult to succeed in financial planning if you aren't paying close attention to what's happening with your money day in and day out. Sometimes people get carried away with impulse or unplanned purchases and these can greatly undermine your efforts in regards to financial life planning and budgeting.


Make paying off debt and saving for emergencies top priorities


It is easy to let debt escalate, especially if you are regularly using credit cards and not paying them off right away. The Balance suggests putting together a realistic budget and then make it a priority to pay off your debt. Paying more than the minimum, on at least one card at a time until it is paid off, can make a big difference. In addition, it may work best to start with the card with the highest interest rate and work on paying others off from there.


As important as it is for your long-term financial stability to pay off debt, Bloomberg also details that it's critical to plan for financial emergencies. As you budget and factor in regular expenses, debt payoff, and investing for retirement or a child's college education, you should also allow for some savings to ensure that a when an unexpected repair, income change, or medical bill arises, you can cover it.


Closely watch your credit report and address any errors


Another piece of financial planning that is important to keep an eye on is the state of your credit report. USA Today notes that errors can easily pop up on your credit report. Unfortunately, even if you are meticulous about paying your bills on time, others can make mistakes that impact your credit score and it is up to you to catch these issues and address them.


Checking your credit report regularly can also help alert you to any fraud or identity theft issues. You can get a free copy of your credit report every year via Annual Credit Report and this can be done with each of the three reporting bureaus, Experian, Equifax, and TransUnion.


Utilizing self control and prioritizing long-term financial needs over short-term wants is not always easy. As you put together a budget and work on your family's future stability, you will want to examine your day-to-day expenses and spending and make it a priority to pay down debt and stick away some savings for emergencies. Keep an eye on your credit report and other areas with the potential for fraud so that all of your financial life planning hard work pays off for your family's future.


[Image via

Pixabay

]


This Single-Family in Billerica, MA recently sold for $445,000. This Split Entry style home was sold by DNA REALTY GROUP - KELLER WILLIAMS REALTY.


8 Jon Mar Rd, Billerica, MA 01862

North Billerica

Single-Family

$434,500
Price
$445,000
Sale Price

8
Rooms
3
Beds
2
Baths
Make this wonderful split level home near the Carlisle line your own! Add your special touches and the house will grow with you and your family. All major projects have been done in recent years; roof 2011, new furnace, central A/C & water heater 2013, hardwood floors and carpeting 2013, granite countertops and refinished cabinets 2013, outdoor decks 2013, bathrooms in 2014 and 2015. All you have to do is move in and enjoy all the extra space. The finished basement makes a great hangout and the office has amazing sunlight. Don't miss the huge kitchen with refinished cabinets and formal dining room! All bedrooms are on the same level so no need to worry about where to put the nursery. You'll never have to clear snow off your car again with the two car garage. If that isn't enough take a stroll through the quiet neighborhood complete with friendly neighbors! Great commuting location close to Rt 3, 495 and Rt 4. Come with vision and stay for a while!

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